Where to buy Euros with low commission?

[CamTheFirst]

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I sent my deposit to RCSI. When we bought the Euros from the bank, the advertised exchange rate was 1.328, however the bank sold the Euros to us at $1.38 saying that it was the "Sell Price". For the $6500 Euros, the difference was just under $300 between the published exchange rate and the "sell" price. When sending the remainder of the tuition in July, the difference in exchange will be in the thousands. Just wondering if anyone has some tips on where to buy Euros with the smallest gap between the "sell price" and the published exchange rates?

Thanks for all your help.

 

[LeafsFan19]

I sent my deposit to RCSI. When we bought the Euros from the bank, the advertised exchange rate was 1.328, however the bank sold the Euros to us at $1.38 saying that it was the "Sell Price". For the $6500 Euros, the difference was just under $300 between the published exchange rate and the "sell" price. When sending the remainder of the tuition in July, the difference in exchange will be in the thousands. Just wondering if anyone has some tips on where to buy Euros with the smallest gap between the "sell price" and the published exchange rates?

Thanks for all your help.

I got a rate of 1.3604 from TD on Thursday around noon when I paid my deposit. Maybe check with different banks and see what they can offer you for converting a large amount?

 

[jnuts]

Tuition transfers are a large amount of money and, as you've noticed, small differences in the exchange rate can make big differences. Firstly, it pays to watch the exchange rates, they can change very quickly (hundreds of dollars difference in a few days). Start watching forexticket or any other currency market analyst for short and medium term predictions.

For the transfers I used: http://www.northstarcurrency.com/. I'm in no way affiliated with them. It's a great service and saved me an appreciable amount of money. The website is a bit poorly designed and the application is a pain (large international transfers are regulated to avoid laundering and fraud), but it's well worth it. You get a private corporate exchange rate which is always better than the big banks. You get free international wire transfers through a normally private Canadian bank. It's reliable and a registered insured Canadian company. They will also transfer money into a personal Irish bank account for your living expenses. I'd highly recommend checking them out.

 

[CamTheFirst]

This is great advice, thank a lot. A difference in the exchange for the tuition can easily pay for a ticket or two, so I do appreciate the advice.